“After we finalize the acquisition of the plant, sometime next week, we will start considering investments in warehousing spaces as, speaking of solid fertilizers, there’s a need for very much space,” says Vlad Popescu, a majority stakeholder in Norofert and the chairman of its management board.
He mentioned the company is trying to cover the deal from own funds, but does not rule out using a banking loan.
Locally, the group plans to launch new products starting 2023, as well as investments in irrigation for Zimnicea farm.
In the first nine months of 2022, Norofert reached net profit worth RON7.6 million at group level, up 55.3% from last year, and turnover of RON54 million, 62% higher.
(English version by Catalina Apostoiu)